Stanford University is 1st college to raise $1 billion

Stanford University

Stanford raised 46 per cent more in its 2012 fiscal year than the USD 709 million it collected in 2011 and surpassed its previous record of USD 911 million set in 2006.

Stanford received donations from nearly 79,000 donors, including USD 100 million of a USD 150 million gift from Silicon Valley investor Robert King and his wife Dorothy to establish the Stanford Institute for Innovation in Developing Economies.

"We are in awe and remain humbled by this kind of response. It was a remarkable showing of generosity," said Martin Shell, Stanford's vice president for development.

Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.